Solesence, Inc.
SLSN Consumer Defensive Household & Personal Products
Solesence, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $62.1 million, up 18.6% from fiscal 2024. In the quarter to June 2026, revenue fell 24.7%, EPS fell 105.5%, free cash flow grew 86.5% and total debt rose 36.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Solesence, Inc. (SLSN) Altman Z-score
Solesence, Inc.'s Altman Z-score for fiscal 2025 is 1.02, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.02 | (0.24) |
| FY2024 | 1.26 | 4.34 |
| FY2023 | −3.08 | (1.08) |
| FY2022 | −1.99 | (4.38) |
| FY2021 | 2.39 | 9.10 |
| FY2020 | −6.71 | 7.14 |
| FY2019 | −13.84 | 2.79 |
| FY2018 | −16.63 | (0.56) |
| FY2017 | −16.07 | 2.96 |
| FY2016 | −19.03 | 3.73 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.30 | — | 0.36 | |
| Retained earnings / total assets | (1.97) | — | −2.76 | |
| EBIT / total assets | 0.03 | — | 0.10 | |
| Market value of equity / total liabilities | 3.47 | — | 2.08 | |
| Sales / total assets | 1.24 | — | 1.24 | |
| Altman Z-score | Distress zone | 1.02 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −3.70 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| UG United-Guardian, Inc. compare | 12.5× |
| ACU Acme United Corporation. compare | 4.5× |
| NUS Nu Skin Enterprises, Inc. compare | 3.8× |
| SLSN Solesence, Inc. | 1.0× |
| YSG Yatsen Holding Limited Sponsored ADR compare | 0.3× |
| SKIN SkinHealth Systems Inc. compare | −0.4× |
| MLKMF Waldencast PLC compare | −1.0× |
| DSY Big Tree Cloud Holdings Limited compare | −8.8× |
| GROV Grove Collaborative Holdings, Inc. compare | −14.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets